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Sri Lanka in U-turn on port project

By Mo Jingxi | China Daily | Updated: 2015-02-07 07:58

New government backs China's $1.4 billion proposal after favorable environmental report

Sri Lanka's new government has approved China's $1.4 billion port project in the island nation's capital, marking a swift U-turn following warnings it might scrap the venture.

The decision was announced late on Thursday after China sent a special envoy to Colombo for talks with the new administration.

Sri Lanka in U-turn on port project

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